Zaggle, an Indian B2B2C fintech offering card merchandise bundled with value-added SaaS enterprise spend choices to enterprises and SMEs, has introduced the launch of Zoyer to assist companies simplify invoice-to-pay processes with a bank card as an embedded finance providing.
Zoyer unites accounts payable and bank card funds onto a single platform to allow corporates to streamline enterprise to enterprise (B2B) payables for successfully managing working money flows and maximising enterprise efficiency.
The most recent innovation is one other step in actualising Zaggle’s imaginative and prescient to turn out to be a world digital financial institution that addresses the enterprise worth circulation from credit score and funds wants of enterprises and SMEs alike. At present, Zaggle’s multi-product suite permits corporates and SMEs in India to handle worker bills and channel incentives tightly built-in with pay as you go playing cards from quite a lot of banks in India.
An approximate 90 per cent of mid-market enterprises are reliant on paper-laden and handbook processes for managing B2B funds, which hamstrings the power of finance groups to successfully handle working money flows. Function-built for the mid-market enterprise phase, Zoyer addresses these challenges: the platform companies can automate 100 per cent of provider invoices. It additionally integrates Zaggle branded card merchandise corresponding to founderscard and company bank cards straight into accounts payable workflows permitting for sooner fee processing while concurrently providing companies a further lease of quick credit score to deal with funding gaps.
Talking on the launch Raj N, founder Zaggle, said: “We’re excited to launch Zoyer to drive the subsequent stage of our improvement and ship actual worth to our prospects. Enterprise-to-business fee options for the mid-market phase characterize a trillion-dollar market alternative and is ripe for disruption. At Zaggle, we’re frequently striving to ship best-in-class digital options to turn out to be the popular one-stop B2B funds supplier for mid-market enterprises. Zoyer reinforces our ongoing dedication to empower medium and small companies with options engineered to optimise core monetary administration processes and strengthen organisational resilience.”
Talking on the launch, Avinash Godkhindi, CEO Zaggle, stated: “Small and medium enterprises have a major have to digitalise B2B fee processes to allow them to quickly adapt to altering market dynamics. However the phase stays vastly underserved by incumbent options. We’re proud to convey a functionally wealthy, enterprise spend administration platform with embedded finance capabilities, that makes capital-efficient progress a actuality. Past digitalising core invoicing and fee flows, with Zoyer we’re laying a powerful progress basis by enabling companies to handle liquidity via higher allocation of working capital and offering a direct credit score line tied to bank cards.”
Talking on the launch Sathish N, CPO Zaggle, stated: “Zoyer is a part of a quickly rising portfolio of revolutionary monetary administration SaaS options that Zaggle is launching for the mid-market enterprise phase. Zoyer is a pure adjacency for us, which makes our spend administration providing extra complete. It additionally positions Zaggle as the one supply of fact on all the things ‘expense’ for companies that we serve. According to the wants of mid-market companies to adapt capital-light know-how and working fashions, Zoyer presents a mobile-first, data-driven decisioning, API-first know-how platform that allows the continuous and environment friendly roll-out of purposeful capabilities in days slightly than months. Moreover, a platform-centric method permits us to layer on allied Zaggle branded and third-party merchandise to satisfy evolving monetary wants of companies, minimising the necessity for investments in a number of techniques.”
A cloud-native platform, Zoyer automates the whole accounts payable lifecycle – from provider onboarding to bill seize and approvals, funds and superior reporting. Digitally enabled workflows streamline approvals and supply companies unprecedented visibility to make knowledgeable selections for successfully managing payables. Within the preliminary launch, 5 crucial personas and their ache factors can be addressed. These can be additional enhanced, foundation a sturdy research-based 12-month roadmap in place. Constructed over the Amazon cloud, Zoyer’s prospects can deploy the full-stack platform with minimal upfront funding and a aggressive ‘pay as you employ’ business mannequin. The distinctive options constructed into the platform embrace:
- AI and ML-based touchless bill processing workflows remove handbook duties and enhance productiveness
- Assist for a number of fee modes, together with company bank cards, real-time funds, and financial institution transfers in step with enterprise wants.
- Embedded bank card and digital card providing supplies alternatives to earn money again and rebates on spend
- Built-in analytics presents insights to energy steady course of enchancment and optimise spends.
- Assured compliance with in-country invoicing, information archival, and taxation laws
- API-first structure for seamless integration with current ERP and accounting techniques in addition to fee processors, banks and third-party added worth service suppliers
